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Government imposes curbs on tyre imports
The government on Friday imposed curbs on imports of certain new pneumatic tyres used in motor cars, busses, lorries and motorcycles in a move to promote domestic manufacturing.
New Delhi: The government on Friday imposed curbs on imports of certain new pneumatic tyres used in motor cars, busses, lorries and motorcycles in a move to promote domestic manufacturing. "Import policy of new pneumatic tyres...is amended from free to restricted," the Directorate General of Foreign Trade (DGFT) said in a notification.
Putting the goods under restricted category means an importer would now require a licence or permission from the DGFT for imports. Earlier, the import of these tyres were allowed without any restrictions. The decision assumes significance as domestic tyre manufacturers have been demanding restrictions on imports. The industry has time and again raised concerns over rising imports of tyres from countries like China. The restriction was on tyres used in station wagons, racing cars, scooters, multi-cellular polyurethane tubeless tyres, and bicycles.
